Reserve Bank of India

    RBI Increases Cap on Remuneration of Bank Executives

    By Ajoy K Das | 13/02/2024

    The higher cap applies to all private sector banks, including small finance banks, payment banks, and wholly-owned subsidiaries of foreign banks.

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    Crypto / Digital Assets

    RBI to Enable CBDC Programmability, Offline Functionality

    By Ajoy K Das | 10/02/2024

    RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

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    Fintech / Regtech

    India: Industry Body to Publish Whitelist of Digital Lenders

    By Ajoy K Das | 09/02/2024

    The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

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    Fintech / Regtech

    RBI Issues Directive on Streamlining Internal Compliance Monitoring

    By Ajoy K Das | 01/02/2024

    A review found that internal compliance monitoring is still carried out with “significant manual intervention”.

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    Securities / Derivatives

    $3.6b of Investments in AIFs Circumvent Regulations: SEBI

    By Ajoy K Das | 25/01/2024

    The regulator has issued a consultation paper on proposals to enhance trust in AIFs and facilitate ease of doing business.

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    Securities / Derivatives

    RBI, SEBI Mull Exemptions on New AIF Investment Rules

    By Ajoy K Das | 23/01/2024

    Exemptions from rules issued in December are being sought by lenders and funds for AIFs that are set up specifically to invest in distressed assets.

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    Capital / Liquidity

    RBI’s Revised Norms on Fair Lending Practice Effective from April

    By Ajoy K Das | 19/01/2024

    Starting April, lenders can impose reasonable penal charges only on the amount of loan under default in a non-discriminatory manner as per their board approved policy.

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    Market Infrastructure

    Google Pay and India’s NIPL Ink Pact to Expand UPI Globally

    By Ajoy K Das | 18/01/2024

    The partnership aims to help Indian travellers make payments overseas, develop UPI-like models in foreign countries and ease cross-border remittances.

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    Capital / Liquidity

    RBI Proposes Harmonised Regulatory Framework for HFCs and NBFCs

    By Ajoy K Das | 18/01/2024

    The central bank proposes higher liquid assets for housing finance companies, smaller aggregate deposits, and permission to issue co-branded credit cards with banks.

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    Fintech / Regtech

    RBI Issues Draft Norms for Fintech SROs

    By Ajoy K Das | 16/01/2024

    Fintech SROs must strike a balance between facilitating innovation and implementing regulatory requirements that protect consumers and contain risks.

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